The analyses in this article are not sophisticated economics arguments, but attempts to examine how fiscal (the government) and monetary (central bank) authorities in Ghana work with available economic indicators to better the livelihood of Ghanaians through job-creation. Well, the US President, Barack Obama did not mince any words on the economic growth issue. In his recent visit to Australia (Canberra), President Obama emphasised that at the recent meeting of the G-20 World Leader’s Summit in France (Cannes) they agreed to pursue economic growth that creates jobs. What does all this mean? Does it mean there can be economic growth without job-creation? Investment and export-led economic growth is more likely to create jobs locally if they are strategised to involve more locals than consumption and import-led growth. We will attempt to get to the bottom of this in our discussion. One of the major tools used by economists to measure a country’s wealth is Gross Domestic Product (GDP). In economics textbooks there are three methods of calculating the GDP; the expenditure approach, the production approach, and the income approach. The production approach is usually used as indicator of total productivity in the economy. In fact, does it really matter what is driving the wealth-creation and whether it creates employment? These and other critical economics issues we will be analysing in this article. Robin Bew, Chief Economist of the Economist Intelligence Unit in a write-up titled “Africa pulls ahead” indicated that as global economic conditions worsened over the course of 2011, “Sub-Saharan Africa emerged as the fastest-growing region in the world”. Will there be a repeat performance in 2012? In the 2011 Budget Statement and Economic Policy to the Parliament, the Minister of Finance, Dr. Kwabena Duffour lauds the recent macroeconomic performance as significant GDP growth and stability with the rebasing of the national accounts that saw the country’s national income expanding by more than 60%, moving the country into a lower middle-income status. The country’s provisional GDP is estimated to be 13.6% with year-end inflation average of 8.73%. See the figure 1 and table 2 below: